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For assistance with mortgage licensing, contact us at:Direct Phone: (714) 656-3960
Fax: (714) 829-1444
steven@imlicensing.com
Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
Virginia Mortgage Licensing
Mortgage Banker
Mortgage Lender License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $200,000
Surety Bond: $50,000
State Initial Fee: $1,000
Branch Licensing: Yes
Loan Originator Licensing: Yes
Experience/Education:
Comments: For the lender license, you will need to show $200,000 of cash in the bank or line of credit from a bank.
Mortgage Broker
Mortgage Broker License
Physical Office Required: No
In-State Officer/ Key Person: No
Minimum Net Worth: $ None
Surety Bond: $25,000
State Initial Fee: $500
Branch Licensing: Yes
Loan Originator Licensing: Yes
Experience/Education:
Regulated by:
Bureau of Financial Institutions
1300 E. Main Street, Suite 800
P.O. Box 640
Richmond, Virginia 23218-0640
Telephone: (804) 371-9657
Fax: (804) 371-9416
Joyce Tinsley - 804-371-9377 - joyce.tinsley@scc.virgnia.gov
Dustin Physioc - Dustin.Physioc@scc.virginia.gov
Fingerprint Card Requests - corporatestructure@scc.virginia.gov
http://www.state.va.us/scc/division/banking/index.htm